On 12/06/2010 1:25 PM, nom=de=plume wrote:

"Canuck57" wrote in message
...
On 12/06/2010 12:09 PM, nom=de=plume wrote:

"Moose" wrote in message
...

"nom=de=plume" wrote in message
...

wrote in message
...
On Fri, 11 Jun 2010 18:23:42 -0600, Canuck57
wrote:

Actually, stuff like SS was wel funded. But skimed by the
government.
And often invested in losers because of politics. If all the 30+
years
a working types has SS (employer and employee) in their 401k they
would
retire early.

The problem is the government has no vehicle to actually save money
since we got off the gold standard. SS was always pay as you go and
the trust fund was just a scam to collect more taxes for other
things.
mostly wars. Originally it was WWII (lend lease)when the trust fund
was established (1939-40) and it was put on budget to hide the
cost of
the Vietnam war (1968-69).

The concept of 401ks is flawed too looking forward because 83 million
boomers pulling their money out of the stock market and spending it
will crash the market.

The real problem is you can't have a third of the adult population
living off the work of the other two thirds without a revolt.

The gov't doesn't need to "save" money as much as it needs to have
money available. The gold standard was highly flawed and died an
appropriate death.

Boomers will not be pulling money out en masse. In fact, some of the
boomer generation has already hit retirement age. It's a spread of
about 15 years... something like that. Most with substantial
401K-like savings will likely pull it out in drips and drabs. Only
someone foolish would pull it out at once, esp. given the tax
consequences.


Obie's lickin his chops waiting to get at our 401k money. If we don't
start spending it he'll find another way to grab it. Rest assured on
that, little lady.


You're stupid. Bush was the one who wanted to privatize social security.
Thank GOD that didn't go through. He's the one who went on a spending
and tax give-away for 7 years.

Ah, delerious denialism... Just a paracite. So how does it feel to be
a paracite?

--
Taxation, modern day slavery. The loss of economic freedom.

So, Bush did a good job? You're really an idiot!

It's spelled parasite not paracite. IDIOT

See, progress. You did something useful today besides whale away like a
stuck constipated pig.

--
Taxation, modern day slavery. The loss of economic freedom.